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flag U.S. consumers' 2025 outlook darkened due to rising inflation, especially food costs, and declining earnings expectations.

flag U.S. consumers’ outlook for 2025 has worsened due to persistent inflation, especially rising food prices that jumped 2.7% in August. flag Expectations for inflation rose to 3.4% for the next year and 3% over five years, while earnings growth forecasts fell to 2.4%—below inflation and the weakest since April 2021. flag Over 41% anticipate higher unemployment, and nearly 15% fear job loss, though most don’t expect to reduce holiday spending and believe credit will remain available. flag The survey reflects growing economic anxiety amid a government shutdown delaying key data and ongoing concerns about tariffs and inflation.

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